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Thanksgiving break calms crude markets

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Oil traded fairly quietly and was headed for a down day with WTI touching $41.72 and Brent $45.03 when the EIA stats and the earlier than usual rig count data came to the rescue. The EIA inventory number was still a build but only of 961/- barrels whereas the whisper was for +1.2m so one and a half cheers all round. As for the rig count it was another double digit fall of 13 rigs overall to 744 units, in oil the drop was 9 to 555 again modest cheering. The Thanksgiving break will mean that

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